Everyone is in a panic, I sell ⬇️
Do you have the patience to wait for the answer ⬇️
:
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1. The type of cryptocurrencies you own:
• Are they strong and long-term currencies like:
• Bitcoin
• Ethereum
• Or even large projects like Solana, Avalanche?
→ It’s often better to hold, as these projects have a strong recovery potential.
• If they are small coins or meme coins, there may be significant risk, and they may not recover easily or at all.
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2. Your purchase price:
• Did you buy at high prices?
• If yes, selling now may mean a big loss. In this case, many investors prefer to wait until the market gradually recovers.
• But if you bought at a low price, selling now could yield a profit or limit losses, depending on your goal.
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3. Your mindset and tolerance for volatility:
• If you can’t handle pressure and fear, or if the market is affecting your mental state, you might consider reducing a small percentage of your portfolio to feel more at ease.
• However, if you have a long-term perspective (HODL), and you believe the market will recover, patience often pays off in crypto.
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Balanced advice:
• Don’t sell everything or cling to everything.
Divide your portfolio based on your confidence in the currencies.
You can sell a small part and keep the rest, or do dollar-cost averaging (DCA) if the price drops further.